GAIL Ltd. announced a significant drop in net profit for the fourth quarter of fiscal 2026. The state-owned natural gas company posted a net profit of Rs 1,262 crore, a 21.2% decrease from Rs 1,603 crore in the same period last fiscal. This profit decline occurred even as GAIL's revenue experienced a modest uptick.
Revenue Growth Amidst Profit Slump
The company's revenue for the quarter rose by 2.1% to Rs 34,773 crore, up from Rs 34,051 crore in the prior year's corresponding quarter. However, this revenue growth was not enough to offset factors impacting profitability. Earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a substantial fall of 56.6%, declining to Rs 1,152 crore from Rs 2,655 crore. Consequently, the EBITDA margin contracted sharply to 3.3% from 7.8% in the previous year.
Dividend Declaration
Despite the profit dip, GAIL's board has recommended a final dividend of Rs 0.5 per share. The record date for this dividend payout will be communicated separately by the company. The results were announced on Thursday via an exchange filing.
